Reliance Jio Q3 profit rises 36.4% to Rs 1,350 crore in December quarter

Reliance Jio on Friday reported a 36.4% sequential increase in net profit to Rs 1,350 crore for the December quarter on the back of strong operational performance and tariff hike. From the third quarter, user inter-connect charge (IUC) have started adding to their earnings as the company is now a net gainer.

While the operating revenues for the December quarter rose 6.4% on quarter to Rs 13,968 crore the operating margins rose 75 basis points to 40.1%. Earnings before interest tax depreciation and amortisation (Ebitda) rose 8.4% on quarter to Rs 5,601 cr.